Bitcoin turned lower after the September U.S. inflation report came in hotter than expected, while several notable policy and infrastructure developments landed across Europe, the UAE, and Solana. Stablecoin and market-structure news dominated the day alongside security concerns for hardware wallets and a major Solana upgrade announcement.
Hot CPI hits bitcoin and rate-cut hopes
U.S. September CPI ran hotter than expected and sent bitcoin sharply lower, with traders pricing in higher bond yields and renewed Federal Reserve hike expectations. Bitcoin briefly traded near $84,000 before easing back, while broader crypto markets also softened.
Qivalis wins Dutch EMI authorization for euro stablecoin
Qivalis received authorization from the Dutch central bank as an electronic money institution, clearing a key regulatory step toward launching a euro-denominated stablecoin. The company said issuance is planned for the coming months, subject to additional MiCA requirements, and earlier reporting identified backing from BBVA, BNP Paribas, and ING.
Sources: Cointelegraph, CoinDesk
Standard Chartered expands spot crypto trading in the UAE
Standard Chartered expanded spot bitcoin and ether trading for professional investors in the UAE, with plans to reach more market participants later. Reporting on the rollout says the bank handles custody and settlement in-house and does not require separate crypto wallets.
Sources: Cointelegraph, CoinDesk
Solana sets date for Alpenglow upgrade
Solana scheduled its Alpenglow upgrade for Oct. 21, with the change targeting roughly 150-millisecond finality. The upgrade would replace the current validator voting system and remove vote transactions from blocks, which could alter headline transaction counts even if activity does not change.
Sources: CoinDesk
Hardware wallet supply-chain risk gets fresh attention
Security concerns around hardware wallets resurfaced after reporting on Ledger-related device implants and the role of intermediaries before products reach buyers, including authorized sellers. Separate reporting said Trezor is ending reseller authorizations in response to a hidden implant found in wallets sold by a Southeast Asian retailer.
Sources: Cointelegraph, Decrypt